What Sold in North Okanagan Real Estate July 5 -11 Synopsis for Vernon BC Area

North Okanagan neighbourhoods that had real estate sales activity in the week of July 5 - July 11th, 2010 included:

Alexis Park, Vernon BC
Armstrong BC / Spallumcheen BC
Bella Vista, Vernon BC
Coldstream BC
Enderby BC / Grindrod BC
East Hill, Vernon BC
Lavington BC
North BX, Vernon BC
Okanagan Landing, Vernon BC
Predator Ridge, Vernon BC
Okanagan North, Vernon BC (Westside Road Area)
South Vernon, Vernon BC
Swan Lake West, Vernon BC
City of Vernon, Vernon BC
Westmount, Vernon BC

This synopsis is based on information generated from the Okanagan Mainline Real Estate Board database on Sunday July 18, 2010 at 1:00 pm. An overview of each property sold is available for download here.

North Okanagan, (Vernon BC and area) real estate saw 25 properties move to sold status between July 5, 2010 and July 11, 2010

In this same period of time 97 listings were activated in the North Okanagan. Again listings continue to outpace the number of sales dramatically. I anticipate we are about to see downward pricing follow - and based on this week’s report - that has already started to happen. At the very least - the higher end of the market has stalled out with no sales above the $492,500. mark.

Listing prices for sold properties ranged from $20,000 - $519,900 with an average of $325,508
Sale prices ranged from $15,000 - $492,500 with an average of $307,154

Days on the market for the listings that sold ranged from 11 - 573 with an average of 136 days

The total value of real estate traded in the North Okanagan Vernon BC area valued out at $11,357,650 over the 32 transactions. Sales included: